花旗:下調吉利(0175.HK)2020至22年毛利率預期 目標價降至14港元
花旗發表研究報告指,吉利汽車(0175.HK)3月乘用車銷量按年減少41%,符合預期,並把公司2020-22年銷量(含領克品牌)預期分別下調至134萬、153萬和168萬輛,目標價從19.9港元下調至14港元,維持“買入”評級。
花旗説,受疫情影響,下調吉利2020-22年預期毛利率至16.7%、17.3%和17%,同時折舊和攤銷費用維持高位,料中國將在7月推出對汽車行業的刺激措施。

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